Infinity Mining Uncovers New High-Grade Gold Target at Historic Sir Walter Scott

A New Chapter for Cangai’s Gold Potential

Infinity Mining Limited (ASX, IMI) has announced a significant development at its Cangai Project in northern New South Wales, unveiling a new gold target area centred on the historic Sir Walter Scott Gold prospect. This discovery emerges from a comprehensive reinterpretation of historical data combined with advanced LiDAR technology, breathing new life into a site last actively mined in the 1890s.

The Sir Walter Scott prospect, located approximately three kilometres south of the well-known Cangai Copper Mine, boasts a rich mining heritage. Historical records indicate that it produced nearly 1,800 ounces of gold from just over 2,200 tonnes of ore at an impressive average grade of around 25 grams per tonne. This high-grade legacy sets a compelling precedent for modern exploration efforts.

Modern Technology Meets Historical Riches

Recent LiDAR surveys, conducted by GeoCloud Analytics using 2023 public domain data, have revealed a cluster of old mining shafts, pits, and trenches extending over 500 metres along a northwest-trending structural corridor. This structural alignment intriguingly links Sir Walter Scott to Novo Resources’ John Bull Gold Project, situated about three kilometres to the northwest, which has recently reported its own high-grade gold anomalies.

Infinity Mining’s technical team plans to commence a detailed field program in the third quarter of 2025. This will include geological mapping and surface geochemical sampling aimed at verifying historical rock chip assay results, some of which returned gold grades as high as 15.8 grams per tonne. Notably, no modern drilling or geophysical surveys have been conducted at Sir Walter Scott, underscoring the underexplored nature of this target.

A Multi-Commodity Opportunity

Adding to the project’s appeal is its multi-commodity potential. The nearby Cangai Copper Mine, just three kilometres north of Sir Walter Scott, historically yielded nearly 5,000 tonnes of copper alongside gold and silver byproducts. This copper-gold-silver mix enhances the strategic value of the Cangai Project, offering diversification beyond gold alone.

Managing Director Joe Phillips highlighted the significance of the new gold target, noting that the combination of high-grade gold potential and existing copper resources strengthens Infinity Mining’s portfolio in New South Wales. With gold prices at record highs, the company is positioning itself to capitalize on both metals.

Looking Ahead

While the historical data and LiDAR interpretations are promising, the true extent and economic viability of the Sir Walter Scott gold system remain to be tested. Infinity Mining’s upcoming exploration activities will be critical in defining the next steps, potentially including geophysical surveys and drilling campaigns. The proximity to Novo Resources’ John Bull Project, which shares geological similarities, adds an intriguing regional context to the unfolding story.